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Cluster Analysis Process & Economic Geography

This report provides an in-depth examination of Florida's economic geography, focusing on the cluster analysis and development processes that shape its industries. It covers key concepts including workforce development, project eligibility for grants, and compliance requirements. It further explores labor access and productivity across various sectors, including rubber, food, medical services, and manufacturing. The analysis incorporates historical data, trade flows, and projected trends to enhance understanding of regional economic dynamics and potential growth areas within Florida.

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Cluster Analysis Process & Economic Geography

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  1. Cluster Analysis Process &Economic Geography • Development & Planning Process • Coherent Resources • Florida Database Overview • The Florida Experience • Primer on Concepts: A Quick Chalk Talk • 4 Florida Industries

  2. Development & Planning Process • Regional development & cluster potential • Work force development planning • Project eligibility & grant funding • Do the work: Inducements & Local Growth • Grant compliance & benefits reporting

  3. Database Overview &The Florida Experience • I-O table, trade shares & trade flows, occupations • Relative production cost: inputs, labor, capital • Employment: durables, nondurables, all nonmanufacturing; services; demand sources • Gross regional product: demand sources; sectors • Demographics & economic migrants • Florida interests (history & forecast) • Florida regional issues (research & simulations)

  4. Definitions of Concepts • Occupational Access Productivity: Measures each of 94 occupational productivities due to regional labor market size, relative to the nation: • ability of firms to hire appropriate labor • ability of workers to select best firms • Labor Access Index: Build by sector by region by weighing occupational access productivities by: • sector usage of labor occupations • sector activity in a region • Composite Wage Rate: Relative wage rate divided by labor access index

  5. Definitions of Concepts (Cont) • Commodity Access Productivity (Commodity Access Index):Measures intermediate input productivity due to the regional commodity market size, relative to the nation • ability of firms to buy appropriate inputs • ability of suppliers to find best customers • consumer ability to buy desired goods & services • reflects market share changes due to delivered price changes (price elasticity) • Delivered Price: Measures, relative to the nation • production cost at every source location • plus transportation cost to the place of use

  6. Definitions of Concepts (Cont) • Composite Price: • The delivered price divided by the commodity access index (an increase in the index represents a region’s increased ability to access a sector’s outputs). • The composite price by industry reflects a sector’s price and variety of choice by region, relative to the nation, based on: • weighted average production cost across every supplying region • weighted average effective distance to those regions • relative ability in the region to access the variety of output from the industry

  7. Definitions of Concepts (Cont) • Relative Cost of Production: Measures the combined cost of labor, capital, intermediate inputs, and fuel by industry, relative to the nation. • includes intermediate inputs from all sectors & locations, taking into account the productivity of the inputs • local production cost captures intermediate input composite prices; composite labor cost; and capital and fuel costs

  8. 4 Florida Industries • Rubber (nondurable) • Food (nondurable) • Medical (service) • Miscellaneous Manufacturing (durable)

  9. Rubber (I-O Recap) Year 2001 • SubTotal (Intermediate Inputs) / Output 0.52642 Value Added (excl. fuel) / Output: • Labor 0.34829 • Capital 0.12526 • SubTotal (Value Added) 0.47355 • Total 1

  10. Occupational Access Productivity:Metal & Plastic Workers

  11. Labor Access Index: Rubber

  12. Relative Cost of Production: Rubber

  13. Average Annual Wage Rate(1000s Nom $): Rubber

  14. Employment: Rubber

  15. Delivered Price: Rubber

  16. Commodity Access Index: Rubber

  17. Relative Composite Price: Rubber

  18. Food (I-O Recap) Year 2001 • SubTotal (Intermediate Inputs) / Output 0.67015 Value Added (excl. fuel) / Output: • Labor 0.17085 • Capital 0.15897 • SubTotal (Value Added) 0.32982 • Total 1

  19. Occupational Access Productivity:Food Processing Occupations

  20. Labor Access Index: Food

  21. Relative Cost of Production: Food

  22. Average Annual Wage Rate(1000s Nom $): Food

  23. Employment: Food

  24. Delivered Price: Food

  25. Commodity Access Index: Food

  26. Relative Composite Price: Food

  27. Medical (I-O Recap) Year 2001 • SubTotal (Intermediate Inputs) / Output 0.31715 Value Added (excl. fuel) / Output: • Labor 0.54386 • Capital 0.13904 • SubTotal (Value Added) 0.6829 • Total 1

  28. Occupational Access Productivity:Health Diagnosing & Treating Prac

  29. Occupational Access Productivity:Other Health Professionals & Tech

  30. Labor Access Index: Medical

  31. Relative Cost of Production: Medical

  32. Average Annual Wage Rate(1000s Nom $): Medical

  33. Employment: Medical

  34. Delivered Price: Medical

  35. Commodity Access Index: Medical

  36. Relative Composite Price: Medical

  37. Misc Manufacturing (I-O Recap) Year 2001 • SubTotal (Intermediate Inputs) / Output 0.53875 Value Added (excl. fuel) / Output: • Labor 0.26873 • Capital 0.19253 • SubTotal (Value Added) 0.46126 • Total 1

  38. Occupational Access Productivity: Electrical & Electronic Equip Occ

  39. Occupational Access Productivity:Other Production Occupations

  40. Labor Access Index: Misc Manufacturing

  41. Relative Cost of Production:Misc Manufacturing

  42. Average Annual Wage Rate(1000s Nom $): Misc Manufacturing

  43. Employment: Misc Manufacturing

  44. Delivered Price: Misc Manufacturing

  45. Commodity Access Index:Misc Manufacturing

  46. Relative Composite Price:Misc Manufacturing

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